Inflation Rate in Germany decreased to 1.90 percent in February from 2.10 percent in January of 2026. This dataset provides the latest reported value for - Germany Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The German inflation rate has remained at normal levels of around 2.2 percent, based on preliminary figures for 2025. Compared to skyrocketing rates in 2022 and 2023, this can be seen as an improvement of the national economic situation. Various factors influenced the recent development of inflation in Germany. These are the same that pushed inflation levels around the rest of the world, particularly since the beginning of the Russia-Ukraine war in 2022. The most recent recorded annual inflation rate in Germany is within the normal range defined by central banks internationally, which is generally between 1.5 and four percent a year. The 2.2 percent for 2025 are not only noticeably lower than in 2022 and 2023, but also less than in 2021, one of the COVID-19 pandemic lockdown years in Germany. 2022 and 2023 followed on the heels of the challenges posed by the pandemic which were already straining the national economy: supply chain interruptions and delays, transport problems, labor shortages across sectors and industries. These issues continue to partially impact the economy today.

The Consumer Price Index in Germany increased 0.20 percent in February of 2026 over the previous month. This dataset provides the latest reported value for - Germany Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Germany was 2.49 percent in 2024. This was close to the European Central Bank’s target rate, which is “below, but close to, two percent.” Many central bankers favor inflation between two and three percent, but Germans in particular would rather risk deflation than too much inflation. Causes of inflation Central bankers like low, stable inflation because this is a sign of a growing economy. When the economy grows, workers become more productive and spend more, and prices slowly rise. Monetary policy can cause inflation, but Germany has given this responsibility to the European Central Bank (ECB). Importantly, inflation expectations affect inflation, making it a self-fulfilling prophecy. The German context During the eurozone crisis, German politicians were advocating for the ECB to raise interest rates quickly. This would have reduced inflation, possibly causing deflation, but would have presented another hurdle for the struggling Greek economy. This is because of the hyperinflation of the Weimar Republic in the 1920s, when Germans carried their pay home in wheelbarrows because the banknotes had lost so much value. Ever since, Germans often warn that inflation harms pensioners and that personal provisions are necessary in any case. Fortunately for them, this statistic forecasts stable, modest inflation that does not alarm many economists.

Graph and download economic data for Inflation, consumer prices for Germany (FPCPITOTLZGDEU) from 1960 to 2024 about Germany, consumer, CPI, inflation, price index, indexes, and price.

In February 2026, consumer prices in Germany increased by around 1.9 percent compared to the same month of the previous year. The inflation rate is calculated using the price increase of a product basket defined by the German Federal Statistical Office. This product basket contains services and products, on which the average consumer spends money throughout the year. This includes expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (i.e. gas, oil), as well as federal fees and taxes.The term inflation means the devaluation of money caused by the increase of the price level of products (consumer goods, investment goods). The Consumer Price Index shows the price trends for private consumption expenses and shows the current inflation level when increasing.

View monthly updates and historical trends for Germany Inflation Rate. Source: Federal Statistical Office of Germany. Track economic data with YCharts ana…

Core consumer prices in Germany increased 2.50 percent in February of 2026 over the same month in the previous year. This dataset provides the latest reported value for - Germany Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Between January 2018 and January 2026, Germany's inflation rate experienced considerable volatility. Initially fluctuating between 0.3 and 3.1 percent, the rate escalated dramatically, reaching a peak of 10.4 percent in October 2022. By September 2024, the inflation rate had moderated to 1.6 percent. However, inflation began rising again towards the end of 2024, standing at 2.6 percent in December. In the first half of 2025, inflation remained relatively stable, standing at 2.1 percent in May 2025. The European Central Bank (ECB) responded to these inflationary pressures with a series of interest rate adjustments. After maintaining historically low rates, the ECB initiated its first rate hike since March 2016 in July 2022, raising the rate to 0.5 percent. The interest rate continued to increase, stabilizing at 4.5 percent from September 2023 to June 2024. In a notable shift, June 2024 marked the first rate cut during this period. It was followed by a series of rate cuts until the end of the year, with the last cut in 2024 setting the rate at 3.15 percent. Several further cuts were implemented in the first half of 2025, setting the rate at 2.15 percent in June 2025. As of January 2026, the inflation rate is 2.1 percent, with the ECB interest rate at 2.15 percent.

For 2025, economic experts predict a *** percent inflation rate growth in Germany. Therefore, prices are expected to rise slower, one reason being that energy commodity prices have fallen significantly again. Nevertheless, the economic institutes do not expect the inflation rate to fall to *** percent until 2026.

Cost of food in Germany increased 1.50 percent in February of 2026 over the same month in the previous year. This dataset provides the latest reported value for - Germany Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 2.3 percent, a decline from 5.9 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Germany from 1960 to 2024 is 2.7 percent. The minimum value, -0.1 percent, was reached in 1986 while the maximum of 7 percent was recorded in 1973.

View monthly updates and historical trends for Germany Inflation Rate: Education. Source: Eurostat. Track economic data with YCharts analytics.

Services Inflation in Germany remained unchanged at 3.20 percent in February. This dataset includes a chart with historical data for Germany Services Inflation.

Harmonised Inflation Rate YoY in Germany decreased to 2 percent in February from 2.10 percent in January of 2026. This dataset includes a chart with historical data for Germany Harmonised Inflation Rate YoY.

Inflation, monthly percent change in the CPI in Germany, December, 2025 The most recent value is 0.15 percent as of December 2025, an increase compared to the previous value of -0.45 percent. Historically, the average for Germany from February 1996 to December 2025 is 0.16 percent. The minimum of -1.31 percent was recorded in January 2015, while the maximum of 2.47 percent was reached in March 2022. | TheGlobalEconomy.com

Historical dataset showing Germany inflation rate by year from 1960 to 2024.

Monthly and long-term Germany Inflation (CPI, ann. var. %, aop) data: historical series and analyst forecasts curated by FocusEconomics.

Harmonised Inflation Rate MoM in Germany increased to 0.40 percent in February from -0.10 percent in January of 2026. This dataset includes a chart with historical data for Germany Harmonised Inflation Rate MoM.

Inflation Expectation: Germany: Increase data was reported at 80.300 % in Mar 2026. This records an increase from the previous number of 16.000 % for Feb 2026. Inflation Expectation: Germany: Increase data is updated monthly, averaging 7.400 % from Dec 1991 (Median) to Mar 2026, with 412 observations. The data reached an all-time high of 84.900 % in Jun 2021 and a record low of 0.600 % in Jun 2023. Inflation Expectation: Germany: Increase data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S: Indicator of Economic Sentiment: ZEW.